1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
4 years ago
11

Mid-American Oil had a contract with NSB Co. to supply 1,000 gallons of oil by September 1. The contract contained a provision t

hat requires all modifications to be written and signed by the company presidents. In early August, an executive of Mid-American talked with the purchasing agent of NSB who orally agreed to two shipments of oil, one in September and a second one in December. By September 30, when only 500 gallons had been delivered, NSB sued. The likely outcome of this lawsuit is:
Business
1 answer:
kakasveta [241]4 years ago
6 0

Answer:

NSB Co. won the case against Mid-American oil/Mid-American oil lost the case

Explanation:

The original contract clearly stipulated that any modifications to the contract were to be written and signed by the company's presidents, therefor the decision by the Mid-American executive to talk with the purchasing agent of NSB  Co. was in breach of the contract in two aspects;

  1. The parties that made the modifications were not the ones agreed to in the contract
  2. They made the modifications verbally while the contract stated that the changes were to be written and signed
You might be interested in
If the cpi is 100 in the base year and 108 in the current year, how much did prices rise between the base year and the current y
leva [86]
CPI (Consumer Price Index) is a measure of changes in prices paid by consumers for goods and services. It is used to estimate the changes in prices.
Therefore;

Change in prices = (CPI in current year - CPI in base year)/CPI in base year

Substituting for the values given in the current problem
Changes in prices = (108-100)/100 = 8/100 = 0.08 or 8%.

This shows that prices increased by 8% in the current year compared to the base year.
6 0
3 years ago
Explain the importance of reconciling the bank at set dates
zmey [24]

Answer:

The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.

8 0
3 years ago
The two categories of cost comprising conversion costs are
bekas [8.4K]

Answer:

Explanation:

Direct labor and factory overhead

3 0
2 years ago
To prevent the President from engaging in a long-term war without Congressional approval and oversight, Congress passed the ____
4vir4ik [10]
The War Powers resolution was passed in 1973 by both Houses of Congress, overriding the veto of President Nixon. It was passed to reassert Congressional authority over the decision to send American troops to war.
3 0
4 years ago
Consider these transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
algol [13]

Answer:

Dr Visa card 194

Dr Bank charges 6

Cr Sales revenue 200

Explanation:

Crane Company Journal entry

Dr Visa card 194

Dr Bank charges (200*3%) 6

Cr Sales revenue 200

4 0
3 years ago
Other questions:
  • Head-First Company plans to sell 4,400 bicycle helmets at $78 each in the coming year. Unit variable cost is $45 (includes direc
    8·1 answer
  • Reba dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2017. she is 45 years old and has been divorced for
    15·1 answer
  • Sandstone, Inc. is considering a fourminusyear project that has an initial afterminustax outlay or afterminustax cost of​ $80,00
    9·1 answer
  • Which of the following is a workplace trend?
    7·1 answer
  • The supply chain network is designed to maximize total profits, taking into account the expected margin and demand in each marke
    13·1 answer
  • Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe. T
    6·1 answer
  • If an annuity is purchased in December and monthly benefits begin in January of the following year, what type of annuity is it?
    9·1 answer
  • Expense Basis for allocation Amount Administrative Square feet of floor space $ 15,000 Advertising Amount of dollar sales $ 8,00
    10·1 answer
  • What will I need to start a clothing shop​
    9·2 answers
  • What are most employers looking for in a job candidate?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!